Property profile

4827 Southern Ave Mesa, AZ 85206

OFF-MARKET
Medical Office Space
Property ID
US07-1326748
5,043 SF 0.8 ac lot Built 1999
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,122 square foot Class B medical office building in Mesa, Arizona, presents a compelling investment opportunity. Located at 4827 E Southern Ave, this single-story, 100% occupied property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $115,515.84. The property features two medical tenants under long-term NNN leases: Whiting Dental, soon to sign a new 7-year lease, and Grace Dental Studio, with a brand new 5-year lease. Suite 100 encompasses approximately 2,600 square feet, including reception, conference room, two offices, break room, two restrooms, eight exam rooms, and a lab room. Suite 200 offers approximately 2,522 square feet, featuring reception, conference room, break room, four offices, a bullpen, and two restrooms. The property sits on a 34,914 square foot lot and offers ample parking (8.08 spaces per 1,000 sq ft). The asking price is $2,200,301, translating to $429.57 per square foot. Permitted zoning is OC, City of Mesa, and the APN is 140-54-005R. Built in 2000, this property offers a stable, high-performing investment with significant upside potential. This is a turnkey investment opportunity with minimal vacancy risk.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Construction CONCRETE
Total area 5,043 SF
Lot 0.8 ac (34,914 SF)
Zoning code OC
APN 140-54-005R
UPID US07-1326748

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office

Location

4827 Southern Ave Mesa, AZ 85206-2780
Mesa metro Census 422636 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.73M
Blend (final) Blend
$605k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2014
$876,288

Zoning & alternative use

OC · Mesa, AZ
Zoning description

Office Commercial (OC). To provide areas for small-scale medical and professional offices intended to serve the community and remain compatible with adjacent residential areas. 5.

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $2.2M +86.2%
Neighborhood: shopping center $1.6M +31.6%
Retail stores $1.3M +10.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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